<p>Im an out-of-state student and was offered very little financial assistance. The OOS tuition and room and board is about 51,000 per year and I was only offered about 4,500 in grants. My family makes a little under 100,000 per year. Is the cost worth the eduction? I love the school but I'm not sure if going there is the right choice because of the cost.</p>
<p>How much debt would you have to take on? If it is more than 20-30k throughout your college years, then no. What are your other options?</p>
<p>A middle income family should not spend $46,000/year on a college education. It is not worth it. I am sure you have a solid in-state option that will cost you half of Michigan. Even if your folks have saved enough money to pay for that education and are willing to do so, the financial burden is far greater than warranted.</p>
<p>As leah asked above, what are your other options…and at what cost?</p>
<p>My other option is the University of California- Santa Barbara. I received no financial aid from UCSB either and the cost per year would be around 30K (maybe a bit less). However, my plan for college is to earn a BSN, and of the two options only Michigan has a program for that. I don’t know what I would want to study at UCSB. Does the fact that my parents’ mortgage end the same year i graduate college factor into my financial aid offer?</p>
<p>With your grants, you are at $16500/year difference. Also keep in mind your travel costs will be higher. One thing people forget here, is that all the publics, even the top publics, have a fair number of students that don’t finish. If you are going to hate UCSB, then you might quit. Graduating from college versus not graduating is easily worth $16K/year. You should have a long talk with your parents and see how they feel about this. If they are on board, go to your first choice. If they are worried about your family’s finances, you should probably go to UCSB.</p>